NYSE:MGYOil and Gas
Vanguard Stake And Rising Dividend Shape Magnolia Oil And Gas Story
Vanguard has disclosed a substantial passive ownership stake in Magnolia Oil & Gas (NYSE:MGY), adding a major institutional holder to the company’s register.
Magnolia has announced another annual dividend increase, marking its fifth consecutive year of raising the payout.
These developments arrive as MGY trades around $30.09 and follows a 33.9% return year to date and 45.1% over the past year.
For investors tracking NYSE:MGY, this mix of stronger institutional presence and a higher...